Submission + - Former Equifax CIO Charged With Insider Trading (bloomberg.com)
Wednesday’s announcement marks the first criminal charge brought in one of the largest data breaches in history. Ying, the former chief information officer for Equifax’s U.S. information-solutions business, used confidential information entrusted to him by the company to determine it had been hacked, according to a separate complaint filed by the Securities and Exchange Commission.
Text messages sent by Ying appeared to indicate knowledge of the data breach prior to being announced by Equifax. Hours after sending the text Ying sold close to a million dollars in company stock.